The Village of Glen Ellyn is pleased to announce that the financial services firm S&P Global Ratings (S&P) has reaffirmed the Village’s AAA bond rating, which is the highest rating a municipality can obtain. The Village has maintained a AAA rating since 2015, allowing for savings as the Village sells bonds to finance capital projects.
The S&P report cites the following positive credit characteristics of the Village of Glen Ellyn:
Very strong economy, with access to a broad and diverse metropolitan statistical area;
Very strong management with strong financial policies and practices;
Very strong budgetary flexibility, with an available fund balance in fiscal 2019 of 51% of operating expenditures; and
Very strong liquidity and access to external liquidity S&P considers strong